ASIC industry levy to increaseBY KARREN VERGARA | FRIDAY, 23 JUL 2021 2:48PMFinancial advisers will need to fork out an extra 27% to pay the regulator's industry funding levy for the 2021 financial year. Related News |
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Robert De Dominicis
CHIEF EXECUTIVE OFFICER
GBST HOLDINGS LIMITED
GBST HOLDINGS LIMITED
It was during a family sojourn to the seaside town of Pescara, Italy, Rob DeDominicis first laid eyes on what would become the harbinger of his future. Andrew McKean writes.
This is already up to $3,700 per adviser since the recent exodus.
Didn't ASIC makes billions of dollars out of the royal commission against the institutions that have caused most of these problems for the current advisers still standing. Why are we still paying for the institutions that have exited the industry. With the amount of funds ASIC has received in the last couple of years they could fund the levy for the next 20 years, plus.
ASIC wonders why advisers are heading towards the exit with all the additional charges we have to absorb from additional fees from government, Licensees, education requirements, etc which are near impossible to pass onto the clients.